Intel (NASDAQ:INTC) PT Lowered to $40.00

Intel (NASDAQ:INTC) had its price target cut by Citigroup from $47.50 to $40.00 in a research note issued to investors on Monday, Marketbeat.com reports. They currently have a neutral rating on the chip maker’s stock.

A number of other research firms have also recently commented on INTC. TD Cowen dropped their target price on shares of Intel from $45.00 to $42.00 and set a market perform rating for the company in a report on Friday, January 26th. HSBC dropped their target price on shares of Intel from $46.00 to $44.00 and set a hold rating for the company in a report on Friday, January 26th. UBS Group increased their target price on shares of Intel from $46.00 to $50.00 and gave the stock a neutral rating in a report on Monday, April 1st. Truist Financial reissued a hold rating and issued a $45.00 target price on shares of Intel in a report on Wednesday, April 3rd. Finally, Raymond James lowered their price objective on Intel from $54.00 to $52.00 and set an outperform rating for the company in a research note on Friday, January 26th. Four investment analysts have rated the stock with a sell rating, twenty have issued a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Intel presently has a consensus rating of Hold and a consensus price target of $42.62.

Intel Trading Down 1.8 %

INTC opened at $35.04 on Monday. Intel has a twelve month low of $26.85 and a twelve month high of $51.28. The company has a 50-day simple moving average of $42.03 and a 200 day simple moving average of $42.30. The company has a quick ratio of 1.15, a current ratio of 1.54 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $148.15 billion, a price-to-earnings ratio of 89.85, a P/E/G ratio of 3.21 and a beta of 1.00.

Intel (NASDAQ:INTC) last posted its quarterly earnings data on Thursday, January 25th. The chip maker reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.27 by $0.27. Intel had a net margin of 3.11% and a return on equity of 1.64%. The business had revenue of $15.40 billion during the quarter, compared to analysts’ expectations of $15.16 billion. During the same quarter in the prior year, the business posted $0.10 earnings per share. Intel’s revenue was up 9.7% compared to the same quarter last year. Analysts predict that Intel will post 0.62 EPS for the current fiscal year.

Intel Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Wednesday, February 7th were given a dividend of $0.125 per share. This represents a $0.50 dividend on an annualized basis and a yield of 1.43%. The ex-dividend date of this dividend was Tuesday, February 6th. Intel’s dividend payout ratio is presently 128.21%.

Insiders Place Their Bets

In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other Intel news, CEO Patrick P. Gelsinger purchased 2,800 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were purchased at an average cost of $42.74 per share, for a total transaction of $119,672.00. Following the acquisition, the chief executive officer now owns 31,275 shares of the company’s stock, valued at $1,336,693.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Patrick P. Gelsinger purchased 3,000 shares of the business’s stock in a transaction on Monday, January 29th. The shares were acquired at an average price of $43.36 per share, for a total transaction of $130,080.00. Following the completion of the acquisition, the chief executive officer now directly owns 28,475 shares in the company, valued at approximately $1,234,676. The disclosure for this purchase can be found here. Company insiders own 0.04% of the company’s stock.

Hedge Funds Weigh In On Intel

A number of large investors have recently modified their holdings of the company. Silverlake Wealth Management LLC lifted its holdings in shares of Intel by 1.7% in the 1st quarter. Silverlake Wealth Management LLC now owns 31,195 shares of the chip maker’s stock worth $1,378,000 after purchasing an additional 510 shares in the last quarter. Naviter Wealth LLC lifted its stake in Intel by 16.5% during the 1st quarter. Naviter Wealth LLC now owns 33,336 shares of the chip maker’s stock valued at $1,472,000 after acquiring an additional 4,711 shares in the last quarter. West Oak Capital LLC lifted its stake in Intel by 1.8% during the 1st quarter. West Oak Capital LLC now owns 42,974 shares of the chip maker’s stock valued at $1,898,000 after acquiring an additional 765 shares in the last quarter. InTrack Investment Management Inc lifted its stake in Intel by 5.7% during the 1st quarter. InTrack Investment Management Inc now owns 10,838 shares of the chip maker’s stock valued at $479,000 after acquiring an additional 580 shares in the last quarter. Finally, Dixon Mitchell Investment Counsel Inc. bought a new position in Intel during the 1st quarter valued at $36,000. 64.53% of the stock is currently owned by institutional investors.

Intel Company Profile

Intel Corporation designs, develops, manufactures, markets, and sells computing and related products and services worldwide. It operates through Client Computing Group, Data Center and AI, Network and Edge, Mobileye, and Intel Foundry Services segments. The company's products portfolio comprises central processing units and chipsets, system-on-chips (SoCs), and multichip packages; mobile and desktop processors; hardware products comprising graphics processing units (GPUs), domain-specific accelerators, and field programmable gate arrays (FPGAs); and memory and storage, connectivity and networking, and other semiconductor products.